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As BTC and ETH hit new highs, KLXO’s pre-sale shines brighter, promising a new approach in P2P lending amidst the booming crypto market.
As Bitcoin (BTC) and Ethereum (ETH) continue their upward trajectory, the cryptocurrency market is experiencing an unprecedented surge, reaching new highs in 2024.
Bitcoin has surpassed $66,000, marking an incredible monthly price increase of 55.73%. Despite facing rejection and retracement after reaching $64,000, Bitcoin skyrocketed and maintained bullish sentiment above the 78.60% Fibonacci retracement level.
Similarly, Ethereum also surpassed $3.5 million amid a market surge, with a significant monthly price growth of 54.47%. This Ethereum surge coincides with positive regulatory developments, particularly in South Africa, and contrasts with Nigeria's more stringent regulations.
Bitcoin surpasses $66,000
The monthly price of Bitcoin rose significantly between $43,090 and $66,790, registering a staggering 55.73% increase.
Despite reaching a high of $64,000 on February 28th, BTC faced rejection and subsequent withdrawal. However, Bitcoin has recently skyrocketed and surpassed the $66,000 level.
Notably, BTC is above the 78.60% Fibonacci retracement level, indicating bullish sentiment in the market.
Observing the hourly chart, Bitcoin can be seen trading within a bullish pennant pattern, suggesting potential indecision following the rally.
The 4-hour chart more clearly shows the recent uptrend and subsequent consolidation, indicating a period of uncertainty.
This consolidation phase provides traders with a potential entry point, but the key question remains: Will Bitcoin break through the $69,000 mark and establish a new high, or will it undergo a retracement? ?
Ethereum surpasses $3.5 million amid market surge
The monthly price of Ethereum showed significant growth in the range of $2,305 to $3,555, registering a remarkable increase of 54.47%.
Currently, ETH is trading above $3.5 million, showing its strength in the market. This spike in Ethereum price coincided with a significant increase in market activity, with Ethereum ETH trading volume increasing by 49.51%.
The positive momentum in Ethereum market performance follows recent news about the South African government's decision to ease measures against cryptocurrencies, in contrast to Nigeria's stricter approach.
The rise in Ethereum price and market activity can be attributed to favorable regulatory developments. Unlike Nigeria's restrictive measures, South Africa's decision to ease regulations has prompted optimism among investors.
Kelexo is on the rise
Securing a loan through traditional channels has long been plagued with challenges for consumers, from high fees and bureaucratic hurdles to strict compliance requirements imposed by banks.
These obstacles are especially difficult for individuals with poor credit histories or who face lender-specific terms and conditions.
KLXO aims to address the challenges inherent in traditional lending by providing a more accessible alternative. Currently, in stage 1 of the pre-sale, the Kelexo token price is $0.033.
With a pre-sale underway, KLXO is offering investors an early stake in a platform designed to simplify and democratize the lending process, with limited token supply and enhanced platform functionality and user engagement. To do.
